On the basis of planetary position and
aspects amongst planets,Market is expected to remain generally
better for most part of the day and could remain subdued towards very
close of the day(after 3PM). Astro
Technical Trading Strategy for the day :: After
9.30 AM, if Nifty futures trades above the Open
level / the Average Traded Price (ATP), Long
positions can be taken with Low Level as Stop Loss
and such positions can be closed by about 2.45pm. Open
level is important for intraday trading and generally, intraday short
positions are suggested bel…

In
the first outflow of overseas funds from Indian capital markets in
seven years, foreign portfolio investors (FPIs) took out an estimated
amount of Rs 18,000 crore during fiscal 2015-16. This is also only
the third time since foreign portfolio investors began investing in
Indian markets in 1992 that they have turned net sellers for an
entire financial year. As per the market data, the net outflow during
the fiscal ended today would have been more than double, but buying
spree resumed in the last month. FPIs are estimated to have infused a
net amount of nearly Rs 20,000 crore (about USD 3 billion) during
March. During March, FPIs were net buyers to the tune of over Rs
21,000 crore in equities, but took out a net amount of Rs 1,500 crore
from debt markets. FPIs had embarked on a selling spree towards end
of calendar year 2015 amid weakening trends in Indian equity markets,
but returned to hectic buying this month on expectations of further
rate cuts by Reserve Bank and signs of streng…

In
its worst show in four fiscals, the market benchmark Sensex today
ended 2015-16 with a yearly plunge of 9.36 per cent, leaving
investors poorer by nearly Rs 7 lakh crore as global headwinds and
foreign fund outflows pounded domestic equities during the year. For
the day, however, the index inched up by 3.28 points to 25,341.86 on
caution due to carry-forward of positions to the April series and S&P
putting China on negative outlook. Broader market too remained strong
as mid-cap and small- cap indices ended higher by 0.68 per cent and
0.46 per cent, respectively. In March, the Sensex registered a rise
of 10.17 per cent or 2,339 points and Nifty climbed 10.75 per cent or
751.35 points, making it the biggest monthly gain in over four years.
Heavy crash in commodity prices, first rate hike by the US Federal
Reserve in nearly a decade, global slowdown, especially in China, and
slower pace of key domestic reforms pulled Sensex by 2,615.63 points
or 9.…

Financial
management and budgetary control measures of Andhra Pradesh
government have come under critical review of Comptroller and Auditor
General of India despite registering a revenue deficit of Rs 13,776
crore for June 2, 2014 to March 31, 2015 period after bifurcation.
The state government could not achieve the fiscal reform targets
during fiscal 2014-15, the CAG said. The overall revenue deficit
during 2014-15 fiscal stood at Rs 24,194 crore including the period
from April 1 to June 1, 2014 when the state remained united, the CAG
said in an audit report on state finances for the year ended March
31, 2015. The state's fiscal deficit of Rs 31,717 crore at 6.10 per
cent was double the ceiling of 3 per cent prescribed in the Fiscal
Responsibility and Budgetary Management Act. Andhra's total
liabilities stood at 32.03 per cent of the Gross State Domestic
Product against a ceiling of 27.60 per cent under the FRBM Act, the
CAG pointed out. The CAG report on state finances, alon…

India
has seen the fourth biggest outflow of high net worth individuals
globally in 2015 with shifting of 4,000 millionaires overseas, says a
report. According to a report by New World Wealth, some 4,000
uber-rich Indians have changed their domicile in 2015, while France
saw the maximum outflow of millionaires with as many as 10,000 super
rich leaving the country. The report however noted that the migration
of super rich from China and India is not a "concern". "The
outflows from India and China are not particularly concerning as
these countries are still producing far more new millionaires than
they are losing," the report said and added that "once the
standard of living in these countries improves, we expect several
wealthy people to move back". In terms of countries ranked by
millionaires outflow, France was followed by China in the second
place with 9,000 millionaires leaving the country while for Italy, at
third position, the figure stood at 6,000. O…

for
the Week 28.03.2016 to 02.04.2016Weekly
Close above 7750 gives One more uptrend ....
!!! NIFTY
:: 7717 (+113) Nifty
closed at the highest point for the week and above 7700, and has
opened gates for a fresh rally on the upside. Last
week it has crossed 7700 and closed above 7700 on all the Three
working days making it a rise for 4 weeks in succession. It has got
certain resistance around 7750 and if Nifty closes above
7750(weekly close),it would get into a new zone.

20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 7416, 7364, 7605
and 7905. respectively and wouldact
as resistances as Nifty is trading above most of the
Moving Averages. While
Nifty continues to trade below the 200 DMA and 50
DMA too is below 200 DMA (Death Cross)
suggesting that the Long term Bearish trend is in tact Technical
Levels :: Bullish
above 7790 with resistance at 7865, 7940,8015 Bearish
below 7630 with Supports at 7555, 7480,7405. Breakout
level : 7750, Breakdown level : 7600 Advice
for …

LOSS
Rs.1.04 lakh CRORES IN INDIAThe
World Health Organisation has said the economic burden attributable
to tobacco-related diseases is a staggering Rs 1,04,500 crore
annually in the country and has pitched for large-size warnings on
packs to control tobacco consumption in a cost-effective manner. "The
economic burden attributable to tobacco-related diseases is a
staggering Rs 1,04,500 crore annually in the country, while human
cost nearly a million deaths," WHO representative in New Delhi
Henk Bekedam said in a statement. Calling for large and prominent
health warnings on the packs of tobacco products, he said past
experiences have shown that this is "a cost-effective means of
increasing public awareness about the health effects of tobacco use
and in reducing tobacco consumption". Besides, he termed the
ongoing debate on reducing the size of warnings on tobacco products,
especially on bidis and smokeless tobacco as "worrisome."
India implemented Article …

On the basis of planetary position and
aspects amongst planets, Market is expected to open better and remain
so till about 12.45 pm and remain steady / subdued from 2 PM. Astro
Technical Trading Strategy for the day... After
9.30 AM, if Nifty futures trades above the Open level / above
the Average Traded Price (ATP), long positions can
be taken with a Stop Loss of about 20 points from the entry
level and such positions can be closed by about 12.45pm. Open
level is important for intraday trading and generally, intraday short
positions are suggested below Day’s open level
only and vice versa.

On the basis of planetary position and
aspects amongst planets,Market is expected to open steady and
remain volatile with bearish bias in general particularly during the
last Hour. Astro
Technical Trading Strategy After
2 pm, if Nifty futures trades below the Average Traded Price
(ATP), short positions can be taken with a Stop Loss of about
20 points from the entry level and such positions can be closed
by end of the day. Open
level is important for intraday trading and generally, intradayshort
positions are suggested below Day’s open level
only and viceversa.

Sensitive / Trend change Timings :
1.10pm and 1.45 pm Likely Intraday Trend On the basis of
planetary position and aspects amongst planets,Market is expected to open
generally better and remain subdued in Second half particularly during the
closing hour . Astro Technical Trading
Strategy After 2 pm, if
Nifty futures trades below the Average Traded Price (ATP), short positions
can be taken with a Stop Loss of about 20 points and such positions can
be closed by end of the day. Open level is important
for intraday trading and generally, intraday short positions are
suggested below Day’s open level only and vice versa.

Stop loss is a must for intraday trading. Technical Levels…Resistance around …

On the basis of planetary position and
aspects amongst planets, Market is expected to open generally subdued
and recover from 12.15 to 2.15pm and again remain subdued towards
close. Astro
Technical Trading Strategy... By
9.30 AM, if Nifty futures trades below the Open lelvel, short
positions can be taken with High level as Stop Loss and such
positions can be closed by about 12 PM. After 12PM , if
Nifty fut trades above the ATP(Average Traded
Price) , Long positions can be taken with
about 25 points as stop loss(from the entry point) and
such positions may be closed by about 2 PM …

On the basis of planetary position and
aspects amongst planets, Market is expected to open generally better
and remain steady from 10.00 AM and to recover smartly from 2.30
onwards. Astro
Technical Trading Strategy .... After
2.30PM , if Nifty fut trades above the
ATP(Average Traded Price) , Long positions can be
taken with about 25 points as stop loss and
such positions may be closed by end of the day . Open
level is important for intraday trading and generally, intraday short
positions are suggested below Day’s open level
only and vice versa. Stop
loss is a must for intraday trading. …

Country's
largest private sector lender ICICI Bank today launched a
smartphone-based application which will allow users to pay for
purchases by simply tapping their smartphones on a merchant terminal
at a shop. The service, launched today for the employees of the bank,
will soon be made available for over 35 million debit and credit card
holders of the lender, ICICI Bank's Executive Director Rajiv
Sabahrwal told reporters on a concall. A near field communications
(NFC) technology-enabled smartphone can be used to complete the
transaction, he said, adding that 90 per cent of its 5 million active
mobile banking customers use such phones that run on the Android
operating system, on which the technology has been rolled out
initially. As per RBI regulations governing NFC-based payments,
people can pay up to a maximum of Rs 2,000 for a single transaction.
"With India becoming the second largest market globally for
mobile subscribers as well as smartphones, we expect this to be …

On the basis of planetary position and aspects
amongst planets, Market is expected to open generally subdued and
recover between 12.40pm to 2.30pm and remain steady / subdued
thereafter. Astro
Technical Trading Strategy ... After
9.30 AM , if Nifty futures trades below Open Price / ATP, Short
positions can be take with High Level as Stop Loss and such postions
can be closed by about 12pm / 12.30pm. After
12.30PM , if Nifty fut trades above
the ATP(Average Traded Price) , Long positions can
be taken with about 25 points as stop loss and
such positions may be closed by about 2.30 pm. Open
level is …

Metro
cities like Delhi, Mumbai, Kolkata and Bengaluru have the maximum
'crorepati' entities who have declared agricultural income of over Rs
1 crore in the last nine assessment years with the Income Tax
department. The department is conducting a tax evasion probe in a
select number of such cases after the taxman was directed in this
regard recently. As per official data in this regard, accessed by
PTI, between Assessment Years (AYs) 2007-08 to 2015-16, a total of
321 assesses declared agricultural wealth over Rs one crore in
Bengaluru region followed by Delhi (275), Kolkata (239), Mumbai
(212), Pune (192), Chennai (181), Hyderabad (162), Thiruvananthapuram
(157)and Kochi (109). Finance Minister Arun Jaitley today said in
Parliament that many prominent people are being probed for allegedly
concealing taxable income as agricultural earnings as he told the
Opposition not to term it as political victimisation if their names
come out."Many
prominent people" are said to b…

On the basis of planetary position and aspects
amongst planets, Market is expected to open generally subdued and
recover between 11.35am to 1.30pm and remain steady / subdued
thereafter. Astro
Technical Trading Strategy for the day :: After
11.30 AM , if Nifty fut trades above
the Open Price/ATP (Average Traded Price) , Long
positions can be taken with about 25 points as stop
loss and such positions may be closed by
about 1.00pm/ 1.15pm. Open
level is important for intraday trading and generally, intraday short
positions are suggested below Day’s open leve…

Deflationary
trend continued for the 16th month in a row as wholesale prices
declined by 0.91 per cent in February, prompting India Inc to press
for a rate cut by RBI to boost factory output, which has been
contracting since November. Subdued prices of certain food items and
petroleum products kept the WPI (Wholesale Price Index) inflation at
(-)0.91 per cent in February as against (-)2.17 per cent a year ago.
It was (-)0.9 per cent in January. This is the 16th consecutive month
since November 2014 when the deflationary pressure has persisted.
Food inflation stood at 3.35 per cent in February compared with 6.02
per cent in January, showed official data, which was released today.
In view of declining inflation and negative industrial outlook, the
industry stepped up its demand for an interest rate cut by Reserve
Bank in its first bi-monthly monetary policy for 2016-17 on April 5.
"A further cut in the policy rate at this juncture and its
transmission by the banks in the form of lo…

for
the Week 14.03.2016 to 18.03.2016 CRUCIAL
WEEK for FURTHER MOVEMENT NIFTY
:: 7510 (+ 25) Nifty
had a very tight week and moved in a narrow range last week and
closed with a small rise of only 25 points. Nifty could not go above
7550, a strong resistance and if during the week, if it is able
to close above that level, then only it would open gates for fresh
rally on the upside. During
the last week (8.3.16 to 11.3.16) Nifty moved in a narrow range
( between 4424 to 4547). For the next Three weeks, last week’s
range could be regarded as the reference range and Nifty would be
Bullish above the High and Bearish below the Low of the range. - 20
DMA, 50DMA, 100DMA and 200 DMA are placed at about 7231, 7388, 7657
and 7934. respectively and wouldact
as resistances as Nifty is trading below the Long term
Moving Averages. - While
Nifty continues to trade below the 200 DMA and 50
DMA too is below 200 DMA (Death Cross)
suggesting that the Long term Bearish trend is in tact Technic…

Jewellery
demand in the country is expected to rise to 670-685 tonnes, despite
volatility in gold prices, India Ratings and Research (Ind-Ra) has
said. Maintaining stable outlook on jewellers, Ind-Ra said it
"...expects retailers to fare well underpinned by a sustainable
domestic demand, shifting preference towards branded jewellery and
fading regulatory headwinds." However, it added the excise duty
hike announced in the Union Budget may have a marginal impact on the
demand in the near-term. Ind-Ra also said that it "Expects
domestic jewellery demand to remain robust and grow at 3-5 per cent
in 2016 to 670-685 tonnes because such demand remained steady at
600-670 tonnes over 2010-2015... despite gold price volatility on the
back of wedding related purchases." It further said an
improvement in demand for coins and bars as consumers seek gold's
wealth protection properties in the backdrop of a high economic and
political uncertainty globally, turmoil in equity ma…